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NJR

NJR - New Jersey Resources Corp Stock Price, Fair Value and News

43.70USD+0.26 (+0.60%)Market Closed

Market Summary

NJR
USD43.70+0.26
Market Closed
0.60%

NJR Stock Price

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NJR RSI Chart

NJR Valuation

Market Cap

4.3B

Price/Earnings (Trailing)

17.93

Price/Sales (Trailing)

2.5

EV/EBITDA

12.64

Price/Free Cashflow

6.95

NJR Price/Sales (Trailing)

NJR Profitability

EBT Margin

15.98%

Return on Equity

11.53%

Return on Assets

3.53%

Free Cashflow Yield

14.39%

NJR Fundamentals

NJR Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

-35.43%

Rev. Growth (Qtr)

41.01%

NJR Earnings

Earnings (TTM)

238.2M

Earnings Growth (Yr)

-22.87%

Earnings Growth (Qtr)

141.49%

Breaking Down NJR Revenue

Last 7 days

5.2%

Last 30 days

3.3%

Last 90 days

4.2%

Trailing 12 Months

-18.3%

How does NJR drawdown profile look like?

NJR Financial Health

Current Ratio

0.7

Debt/Equity

1.33

Debt/Cashflow

0.22

NJR Investor Care

Dividend Yield

3.73%

Dividend/Share (TTM)

1.62

Shares Dilution (1Y)

1.46%

Diluted EPS (TTM)

2.44

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20232.7B2.4B2.0B1.7B
20222.5B2.7B2.9B3.0B
20212.0B2.0B2.2B2.4B
20202.2B2.0B2.0B1.8B
20192.9B2.8B2.6B2.4B
20182.7B2.8B2.9B3.0B
20172.1B2.2B2.3B2.4B
20161.9B1.8B1.9B2.0B
20153.1B2.9B2.7B2.4B
20144.0B3.9B3.7B3.7B
20132.7B3.0B3.2B3.3B
20122.6B2.4B2.2B2.3B
20112.8B3.0B3.0B2.9B
20102.6B2.6B2.6B2.7B
200903.2B2.6B2.6B
2008003.8B0
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Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

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Tracking the Latest Insider Buys and Sells of New Jersey Resources Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 12, 2024
migliaccio patrick j.
sold
-128,130
42.71
-3,000
senior vp and coo, njng
Jan 24, 2024
taylor sharon c
acquired
108,936
41.69
2,613
-
Jan 24, 2024
hardwick m susan
acquired
108,936
41.69
2,613
-
Jan 24, 2024
degraffenreidt james h jr
acquired
108,936
41.69
2,613
-
Jan 24, 2024
o'sullivan michael a
acquired
108,936
41.69
2,613
-
Jan 24, 2024
harvey peter c
acquired
22,262
41.69
534
-
Jan 24, 2024
kenny jane m
acquired
108,936
41.69
2,613
-
Jan 04, 2024
shea jacqueline k
sold (taxes)
-26,829
45.32
-592
svp, chief information officer
Jan 04, 2024
taylor sharon c
acquired
137,727
45.32
3,039
-
Jan 04, 2024
kenny jane m
acquired
132,878
45.32
2,932
-

1–10 of 50

Which funds bought or sold NJR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 23, 2024
Louisiana State Employees Retirement System
added
3.28
-7,139
1,214,350
0.02%
Apr 23, 2024
AMALGAMATED BANK
reduced
-13.52
-445,000
2,209,000
0.02%
Apr 23, 2024
NEW MEXICO EDUCATIONAL RETIREMENT BOARD
unchanged
-
-33,000
850,000
0.03%
Apr 23, 2024
GODSEY & GIBB, INC
unchanged
-
-586
15,062
-%
Apr 23, 2024
Global Retirement Partners, LLC
unchanged
-
24.00
1,373
-%
Apr 23, 2024
FIFTH THIRD BANCORP
added
12.69
2,916
37,332
-%
Apr 22, 2024
RAYMOND JAMES & ASSOCIATES
reduced
-17.79
-458,105
1,736,670
-%
Apr 22, 2024
MetLife Investment Management, LLC
reduced
-0.82
375,938
4,638,590
0.03%
Apr 22, 2024
Byrne Asset Management LLC
unchanged
-
-575
13,946
0.01%
Apr 22, 2024
Raymond James Financial Services Advisors, Inc.
added
17.92
230,416
1,936,630
-%

1–10 of 50

Are Funds Buying or Selling NJR?

Are funds buying NJR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own NJR
No. of Funds

Unveiling New Jersey Resources Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
12.17%
11,897,288
SC 13G/A
Jan 24, 2024
state street corp
5.42%
5,302,808
SC 13G/A
Jan 19, 2024
blackrock inc.
17.6%
17,212,703
SC 13G/A
Nov 13, 2023
state street corp
5.30%
5,170,801
SC 13G/A
Feb 09, 2023
state street corp
9.36%
9,026,514
SC 13G/A
Feb 09, 2023
vanguard group inc
11.54%
11,131,786
SC 13G/A
Jan 23, 2023
blackrock inc.
16.1%
15,554,501
SC 13G/A
Feb 11, 2022
state street corp
9.26%
8,887,445
SC 13G/A
Feb 09, 2022
vanguard group inc
11.09%
10,645,927
SC 13G/A
Jan 27, 2022
blackrock inc.
14.1%
13,538,078
SC 13G/A

Recent SEC filings of New Jersey Resources Corp

View All Filings
Date Filed Form Type Document
Mar 13, 2024
4
Insider Trading
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 06, 2024
10-Q
Quarterly Report
Feb 06, 2024
8-K
Current Report
Jan 31, 2024
8-K
Current Report
Jan 29, 2024
8-K
Current Report
Jan 26, 2024
4
Insider Trading
Jan 26, 2024
4
Insider Trading
Jan 26, 2024
4
Insider Trading
Jan 26, 2024
4
Insider Trading

Peers (Alternatives to New Jersey Resources Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
44.8B
19.0B
3.12% -9.23%
20.26
2.36
-3.35% -4.03%
23.6B
4.2B
1.79% -20.89%
25.04
5.58
11.66% 15.12%
19.9B
7.5B
3.24% -18.43%
17.2
2.65
-5.74% 7.23%
17.9B
3.9B
0.92% 1.22%
19.35
4.53
-15.47% 16.09%
15.1B
28.8B
6.42% 104.23%
-74.78
0.52
-8.62% -116.54%
14.3B
8.3B
2.96% -10.05%
18.22
1.72
4.87% -10.78%
12.3B
12.7B
5.42% -28.09%
61.84
0.97
0.40% 141.39%
2.3B
670.6M
0.69% -17.52%
26.95
3.5
-1.48% -2.88%
MID-CAP
8.5B
4.7B
2.04% -7.93%
16.3
1.8
8.59% 3.59%
3.4B
1.9B
2.22% -6.21%
13.93
1.83
19.68% 30.53%
2.8B
1.7B
5.58% -20.45%
16.25
1.6
2.36% 10.31%
SMALL-CAP
392.1M
180.2M
-13.82% 45.00%
13.18
2.18
91.50% 388.02%
150.2M
2.0M
-14.50% -47.79%
-4.78
74.74
33.96% -26.84%
34.9M
436.8M
-0.82% -0.09%
2.33
0.08
-5.23% 97.61%
9.4M
-
6.09% -19.21%
-12.58
12.3
-88.45% 83.25%

New Jersey Resources Corp News

Latest updates
Business Wire • 18 Apr 2024 • 04:30 pm
Yahoo Finance • 09 Apr 2024 • 07:00 am
Yahoo Finance • 4 months ago

New Jersey Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue41.0%467331264644724765552912676533368802454400299640615479435866812
Costs and Expenses24.1%331267259479551685523773519529395601343357316541510476439789723
Operating Expenses------------------487439789723
EBITDA Margin8.8%0.32*0.30*0.25*0.23*0.20*0.19*0.18*0.17*0.20*0.20*0.23*0.24*---------
Interest Expenses-5.0%31.0033.0030.0030.0029.0026.0021.0019.0019.0020.0019.0020.0020.0017.0015.0019.0016.009.0012.0013.0013.00
Income Taxes269.0%23.006.00-20.5031.0033.0012.004.0029.0031.00-4.43-18.7839.0017.0011.00-6.7716.0016.0030.00-1.94-2.95-6.96
Earnings Before Taxes163.0%11142.00-19.6714014865.0013.00124142-6.10-41.3818696.0039.00-29.2887.0089.00-0.79-13.8467.0076.00
EBT Margin1.2%0.16*0.16*0.14*0.14*0.12*0.12*0.10*0.09*0.12*0.11*0.14*0.15*---------
Net Income141.5%89.0037.002.0011011655.0013.0096.00111-1.13-11115081.0033.00-19.3074.0076.00-12.03-13.0874.0075.00
Net Income Margin3.5%0.14*0.13*0.12*0.11*0.09*0.09*0.08*0.04*0.06*0.05*0.07*0.12*---------
Free Cashflow-49.0%46.0091.00-47.90339-181-5.07-187275-130-43.52-107232---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets3.2%6,7496,5376,3136,2966,6106,2616,1625,8705,9815,7225,4095,4255,3975,3165,2825,1555,0954,1584,1234,0904,477
  Current Assets27.2%6775325206161,0127567405567606345185356096225215016935125106051,050
    Cash Equivalents187.1%3.001.001.0027.002.001.0028.0014.001.005.005.0058.0022.0011943.0026.004.004.0026.0083.008.00
  Net PPE------------------3,0412,9012,7892,710
  Current Liabilities19.3%9628076697111,0661,1049698821,0981,051614416519534902824806446582584999
  Short Term Borrowings6.6%2692521451884644243703024883771769.0013412555346739125.0099.0046.00372
  Long Term Debt-1.0%2,7392,7682,7292,6422,6912,4852,5252,3192,2742,1622,2222,2652,2652,2591,6651,5771,5381,5371,2121,1801,185
Shareholder's Equity3.8%2,0661,9911,9952,0011,9231,8171,7691,7841,7171,6311,6821,8221,6981,6441,6121,6551,6081,3821,5721,5691,497
  Retained Earnings4.1%1,2261,1781,1821,2181,1461,0681,0511,0721,0119359711,1149979481,1371,1941,1359061,0861,1211,073
  Additional Paid-In Capital4.3%583559555530528520519518513503499497493492492494494291290283278
Shares Outstanding0.6%98.0098.0097.0097.0096.0096.0096.0096.0096.0096.0096.0096.00---------
Float----5,138---4,389---3,825---3,249---4,364-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-49.0%46.0091.0045.00432-88.9588.00-94.57368-37.4149.00-14.4932532.0031.004.00222-43.0628.00-6.00277-104
Cashflow From Investing29.1%-113-160-116-116-145-155-138-132-164-192-184-136-108-103-139-256-494-182-147136-93.68
Cashflow From Financing-0.8%69.0070.0045.00-29123642.00245-222198143146-153-17.6014715345.0055113197.00-337205
  Dividend Payments7.9%41.0038.0038.0041.0035.0032.0032.0032.0032.0027.0029.0029.0032.0031.0030.0030.0027.0026.0026.0026.0026.00

NJR Income Statement

2023-12-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING REVENUES  
Utility$ 293,093$ 357,409
Nonutility174,117366,158
Total operating revenues467,210723,567
Natural gas purchases:  
Related parties1,8791,827
Operation and maintenance94,43979,501
Regulatory rider expenses19,18918,251
Depreciation and amortization40,28736,683
Total operating expenses331,391550,778
OPERATING INCOME135,819172,789
Other income, net6,3414,655
Interest expense, net of capitalized interest31,47329,491
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES110,687147,953
Income tax provision22,93632,978
Equity in earnings of affiliates1,660946
NET INCOME$ 89,411$ 115,921
EARNINGS PER COMMON SHARE  
Basic (usd per share)$ 0.91$ 1.20
Diluted (usd per share)$ 0.91$ 1.19
WEIGHTED AVERAGE SHARES OUTSTANDING  
Basic (in shares)97,86996,485
Diluted (in shares)98,56397,083
Utility  
Natural gas purchases:  
Gas purchases - Utility and Nonutility$ 116,120$ 182,446
Nonutility  
Natural gas purchases:  
Gas purchases - Utility and Nonutility$ 59,477$ 232,070

NJR Balance Sheet

2023-12-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
PROPERTY, PLANT AND EQUIPMENT  
Utility plant, at cost$ 3,927,578$ 3,843,037
Construction work in progress230,603237,428
Nonutility plant and equipment, at cost1,784,0351,767,306
Construction work in progress153,541142,768
Total property, plant and equipment6,095,7575,990,539
Accumulated depreciation and amortization, utility plant(732,326)(714,087)
Accumulated depreciation and amortization, nonutility plant and equipment(266,896)(254,397)
Property, plant and equipment, net5,096,5355,022,055
CURRENT ASSETS  
Cash and cash equivalents2,739954
Customer accounts receivable  
Billed170,47297,540
Unbilled revenues91,93119,100
Allowance for doubtful accounts(8,847)(11,036)
Regulatory assets76,72873,587
Natural gas in storage, at average cost193,742199,501
Materials and supplies, at average cost30,83327,022
Prepaid expenses15,5359,741
Prepaid and accrued taxes22,86043,046
Derivatives, at fair value37,77130,755
Restricted broker margin accounts19,33120,796
Other current assets23,86321,071
Total current assets676,958532,077
NONCURRENT ASSETS  
Investments in equity method investees103,268104,134
Regulatory assets581,907584,830
Operating lease assets175,864175,740
Derivatives, at fair value1,1781,564
Software costs9,1058,375
Deferred income taxes22,90328,383
Postemployment employee benefit assets18,65118,684
Other noncurrent assets62,67961,654
Total noncurrent assets975,555983,364
Total assets6,749,0486,537,496
CAPITALIZATION  
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares December 31, 2023 — 98,202,255; September 30, 2023 — 97,584,455245,009243,458
Premium on common stock582,551558,654
Accumulated other comprehensive loss, net of tax(9,564)(9,959)
Treasury stock at cost and other; shares December 31, 2023 — 15,710; September 30, 2023 — 13,04122,13620,748
Retained earnings1,226,0691,177,834
Common stock equity2,066,2011,990,735
Long-term debt2,738,9972,768,017
Total capitalization4,805,1984,758,752
CURRENT LIABILITIES  
Current maturities of long-term debt219,627116,155
Short-term debt268,650252,100
Natural gas purchases payable76,17851,277
Natural gas purchases payable to related parties857859
Deferred revenue118,51961,404
Accounts payable and other105,627151,790
Dividends payable41,17540,981
Accrued taxes10,79910,090
Regulatory liabilities30,34432,287
New Jersey Clean Energy Program14,38215,804
Derivatives, at fair value13,19616,145
Operating lease liabilities4,7984,772
Restricted broker margin accounts12,4198,029
Customers' credit balances and deposits45,46144,910
Total current liabilities962,032806,603
NONCURRENT LIABILITIES  
Deferred income taxes299,454285,427
Deferred investment tax credits2,3652,434
Deferred revenue635659
Derivatives, at fair value7,4647,967
Manufactured gas plant remediation165,315169,390
Postemployment employee benefit liability102,482102,528
Regulatory liabilities179,638180,458
Operating lease liabilities148,849148,023
Asset retirement obligation62,43561,993
Other noncurrent liabilities13,18113,262
Total noncurrent liabilities981,818972,141
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities6,749,0486,537,496
Related Party  
CURRENT LIABILITIES  
Natural gas purchases payable to related parties$ 857$ 859
NJR
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 569,300 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
 CEO
 WEBSITEnjresources.com
 INDUSTRYUtilities Regulated Electric
 EMPLOYEES1288

New Jersey Resources Corp Frequently Asked Questions


What is the ticker symbol for New Jersey Resources Corp? What does NJR stand for in stocks?

NJR is the stock ticker symbol of New Jersey Resources Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of New Jersey Resources Corp (NJR)?

As of Tue Apr 23 2024, market cap of New Jersey Resources Corp is 4.27 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NJR stock?

You can check NJR's fair value in chart for subscribers.

What is the fair value of NJR stock?

You can check NJR's fair value in chart for subscribers. The fair value of New Jersey Resources Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of New Jersey Resources Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NJR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is New Jersey Resources Corp a good stock to buy?

The fair value guage provides a quick view whether NJR is over valued or under valued. Whether New Jersey Resources Corp is cheap or expensive depends on the assumptions which impact New Jersey Resources Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NJR.

What is New Jersey Resources Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, NJR's PE ratio (Price to Earnings) is 17.93 and Price to Sales (PS) ratio is 2.5. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NJR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on New Jersey Resources Corp's stock?

In the past 10 years, New Jersey Resources Corp has provided 0.086 (multiply by 100 for percentage) rate of return.